MediaFile

Tags:

Long time independent digital music retailer eMusic has finally got its mittens on some major label music after signing a deal with Sony Music Entertainment — and the company says it is still in talks with other majors like Universal Music, Warner Music and EMI to see if it can get more.

Tags:

The global recorded music sales tanked in 2008, according to figures from the music trade body IFPI, which finally confirmed what we all expected. The worldwide decline was led by a sharp 31 percent drop-off in physical format sales (mainly CDs) in the US. Even though US digital sales grew 16.5 percent it couldn’t make up the shortfall, and overall US sales were down 19 percent.